George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
1 / yes
2 / 4.99 %
3 / Over some time not going to look back but think they held nearly 20% at one time
4 / 4.99 % as at Nov 22
5 / I am sure they notify when they are legally obliged to do so and have been informed
6 / Don't know !
Not invested but that is some discount to get a raise away
Out of interest Goolang what would you consider good quality spod worthy of a decent sized investment from one of the big players in the Lithium market and when you have respected personnel in the industry can you back up that suggestion about child labour..just for the record I know it is a known fact that a lot of illegal artisan mining goes on around the world and they sell their spoils to the miner but that is not what we are talking about and I certainly don't know if it happens in Ghana or will
My 2 pennies worth and perspective..having been here since the 1p days it has been long enough...for me that is ! Hopefully the ducks are aligning now to put it all to an end as I with many others do not believe Solg can get this to production without massive dilution and a whole array of issues and that is with or without a jv partner.
For all of those that have said many have been banging on about a takeover for years it is not unreasonable to have come to that conclusion with Solg though is it..many juniors in the oil and mineral exploration that have a great find get taken out and history dictates that is a fact..just a matter of timing really ..just like Cornerstone would have struggled to come up with their financial obligations so would have Solgold in any jv as we get diluted into oblivion by the big boys. I bought into Solgold because of NM and I believe he is still instrumental in getting a sale process done and believe the ' diverse ' book is on his side as the majority also want it done. If we keep some of the tenements to rinse and repeat great !
Piedmont are going to need a shed load of spod just like many others and they are making sure they get first mover advantage by making the investment ..dont forget they are securing 50% of what could be a very large deposit over many more mine years life as stated in the pfs..in addition their investment in ALL is already worth some 11.5 million pounds more than they paid for it and as they continue to bankroll our development I am sure they envisage their holding to be worth considerably more....just like most on here !!! Incidentally I think what they are going to pay for their spod is a price formula linked to market cost which might not exactly be the exact market rate at the time..but that is splitting hairs at the mo
Although of course it will be very welcome and a great endorsement of the Ewoyaa project maybe the market is not getting too far of itself before we definitely know the Ghana sovereign fund invests and indeed how much and at what price